> A lawyer usually cannot get in trouble for saying No. They can only get in trouble for saying Yes.
This. AND: There's seldom if ever much near-term personal upside for the lawyer, just downside if things go wrong --- and lawyers are a natural target for business people to point the fingers at if things do go wrong, because they're of different tribes.
Warren Buffett's longtime business partner Charlie Munger famously said, "Never a year passes but I get some surprise that pushes a little further my appreciation of incentive superpower. * * * Never, ever, think about something else when you should be thinking about the power of incentives." [0]
That said, good business lawyers think of themselves as kinda being business people with legal training, assessing all the relevant risks and making recommendations for the business. (I tell my students: Try to think as though you were the CEO — but remember that you're not.)
This. AND: There's seldom if ever much near-term personal upside for the lawyer, just downside if things go wrong --- and lawyers are a natural target for business people to point the fingers at if things do go wrong, because they're of different tribes.
Warren Buffett's longtime business partner Charlie Munger famously said, "Never a year passes but I get some surprise that pushes a little further my appreciation of incentive superpower. * * * Never, ever, think about something else when you should be thinking about the power of incentives." [0]
That said, good business lawyers think of themselves as kinda being business people with legal training, assessing all the relevant risks and making recommendations for the business. (I tell my students: Try to think as though you were the CEO — but remember that you're not.)
https://perma.cc/LNG7-JG6Y.